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Lest we forget the digital fiber optic part of that excerpt, the company to consider is Corning, which is not only the world's largest manufacturer of fiber optic lines but also has the patented technology that makes its particular fiber optic lines higher capacity than the main competitor, which happens to be Lucent. Corning, though not as spectacular as QUALCOMM, remains, in my view, a conservative growth investment, and is also one of the best managed companies. Besides their growing fiber optic business, the company has developed the best technology for producing thin, blemish free glass sheets for flat panel displays, useful not only for computer screens but for HDTV. Its third area of business is ceramic substrates for automotive catalytic converters. While that business is mature in the domestic market, it is growing by leaps and bounds in Europe and Asia, where until recently no one was particularly bothered by pollution from car exhausts. Those who want to balance their more speculative investments in QCOM (if you can call it speculative at all), might want to use Corning as a conservative backup. |
